Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there.


Why are traders paying up so much for $VIX futures?  (VIX and More)

Will the last proprietary trader on Wall Street please turn off the lights?  Another big name leaves to start a hedge fund. (FT)

Why are Americans driving less.  (Money Game, Slate, Modeled Behavior)


European PMIs come in weak.  (Money Game)

European banks are using their peripheral subs to borrow from the ECB.  (WSJ)

ECB liquidity will come with some cost.  (Gavyn Davies)

Week in review/preview

Where markets stand going into the week.  (Global Macro Monitor, ibid)

The economic week that was.  (Bonddad Blog, Calculated Risk)

The economic schedule for the coming week.  (Calculated Risk)

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